BTCUSD (XBTUSD) - Looking Bearish

See the description on the chart

I will update the chart when i have ten likes.

www.bitmex.com/register/2Zkkvg

Trade active:

Short 15x

Looks like we took option A here, and broke through the resistance -

Comment:

Be careful Guys,

Tight Stop Losses - This could always be a Bear Trap.

I have a trailing stop to lock in profits and close me out at the first glint of a reversal.

However, I have NO take profit in place, maximizing my upside in times of the dump

Trade closed manually:

We hit that support #1 - after breaking through and confirming below the CYAN trend Line -

Im going to put together a new chart as things develop.

I am NOT in a bitcoin trade at the moment.